Business

U.S. Week Ahead: Don't bet big on Ben Bernanke

Aug 24 - Fed Chairman Ben Bernanke is expected to announce more Fed support for the economy at Jackson Hole Friday, but he isn't the recovery's savior according to Reuters Breakingviews' Agnes Crane.

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From -- in Jackson Hole Wyoming Ben Bernanke ride into town on Friday. But what message will he bringing investors are hoping the Fed Chairman says it's time to throw more money at the recovery to get it going. Expectations for more support hi Bernie you reassured congress earlier that the -- how. Extra firepower plus minutes from its last policy meeting suggest it could act fairly soon. Still not everybody at the and it printing more money like record breaking his comment Agnes crane. -- him anyway. Ben Bernanke. Stock markets are expecting more action from the fat and he has to deliver. But this is the problem I mean we've already seen many many instances of extraordinary imagination and -- hasn't had much of an impact. In many ways to market should be looking to things like fiscal -- the looming fiscal clip and what's going on in Europe for directional what's gonna happen the US economy. The one roadblock to more -- action has actually been better than expected numbers on the economy IFR says pay attention to the Fed's Beige Book on Wednesday. Third is an anecdotal take on how well retail manufacturing and jobs are doing across the country. I -- that conditions won't be adding up to justify any major policy news. Just goes to show that. Isn't always boring. In any case Ben Bernanke might not have to worry about the economy into me he gets his way. There can presidential candidate says he would bringing a third term if he won the November election we may hear more about that -- -- economic policies when he speaks at the GOP convention. I kicks off in Tampa on Monday Romney has trumpeted his -- credentials again and -- wall street journal editorial. But one expert that the Republicans aren't being aggressive and now. It's very difficult to understand why the Republicans don't just focus. On jobs and the economy that's the weakest point for Obama that's the strongest argument for the Republicans but instead. They're talking about Medicare reform we're now in a very nasty debate over abortion. And Monday through Thursday at 11:30 AM eastern will broadcast live with special gas from the Republican national convention on Reuters dot com. All of Mattel and other earnings Steven but there's still plenty of markets to get excited about we'll hear from Tiffany pandora Hines and they -- Focus will be on the world's largest ketchup maker Heinz will be a great barometer for how the brakes are faring in these volatile times. The company does about 20% of its business with countries like China and Brazil. And stay with Ritter's TV and insider for more expert announces on the big market mover I got -- YouTube at Reuters dot com blocked Reuters TV. And follow us on Twitter at Reuters Insider. I'm Heidi mom this is greater.

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